RKLB — Rocket Lab USA, Inc.
Quarterly Earnings Performance
Calendar 2025
| Quarter |
Period |
Report Date |
Revenue |
YoY Growth |
EPS (GAAP) |
Guidance (next qtr) |
Notes |
| Q1 2025 |
Jan–Mar 2025 |
2025-05-08 |
$123M |
+32% |
— |
$130–$140M |
Continued Space Systems acceleration |
| Q2 2025 |
Apr–Jun 2025 |
2025-08-08 |
$144.5M |
+36% |
−$0.13 |
$145–$155M |
Beat rev. est.; missed EPS by $0.04 |
| Q3 2025 |
Jul–Sep 2025 |
2025-11-10 |
$155M |
+48% |
— |
— |
Record rev.; record GAAP gross margin |
| Q4 2025 |
Oct–Dec 2025 |
2026-02-26 |
$180M |
+36% |
−$0.09 |
$185–$200M |
7 launches (qtr record); Neutron delayed Q4 2026 |
| FY 2025 |
Full Year |
— |
$602M |
+38% |
−$0.37 |
— |
Record annual rev.; 21 Electron missions; 100% success |
EPS note: Non-GAAP EPS not publicly broken out by quarter; figures above are GAAP basic EPS. Q1 and Q3 2025 GAAP EPS not available in public summaries.
Calendar 2026
| Quarter |
Period |
Report Date |
Revenue |
YoY Growth |
EPS (GAAP) |
Guidance (next qtr) |
Notes |
| Q1 2026 |
Jan–Mar 2026 |
2026-05-07 |
$200.3M |
+63% |
−$0.07 |
$225–$240M |
Beat all guidance; record $2.2B+ backlog |
| Q2 2026 |
Apr–Jun 2026 |
~2026-08 |
$225–$240M (est.) |
~+56% (est.) |
— |
— |
Not yet reported |
Upcoming
| Quarter |
Est. Report Date |
Est. Revenue |
Est. EPS |
Source |
| Q2 2026 |
~2026-08-07 |
$225–$240M |
— |
Company guidance (Q1 2026 call) |
Commentary
Rocket Lab is in an exceptional growth phase, posting its first-ever $200M+ quarter in Q1 2026 (+63% YoY) and guiding $225–$240M for Q2 2026. The Space Systems segment — spacecraft manufacturing and satellite components — now drives the majority of revenue alongside a steadily growing Electron launch cadence (21 missions in 2025, 100% success). The key near-term catalyst and risk is Neutron, Rocket Lab's medium-lift rocket: a stage 1 tank test failure pushed first launch from 2025 to Q4 2026, but the company secured a record $816M SDA prime contract and now carries a $2.2B+ backlog. With non-GAAP gross margin expanding to ~43–44% and adjusted EBITDA losses narrowing quarter-over-quarter, profitability is the central narrative to watch through the rest of 2026.
Sources
Rocket Lab Q1 2026 Financial Results — Investor Relations
Rocket Lab Q4 & FY 2025 Financial Results — GlobeNewswire
Rocket Lab Q3 2025 Financial Results — GlobeNewswire
Rocket Lab Q1 2025 Financial Results — BusinessWire
Rocket Lab Q2 2025 Earnings Call Transcript — Investing.com
RKLB Q4 2025 Earnings Call Highlights — Yahoo Finance
Rocket Lab Q1 2026 Earnings — CNBC
Generated: 2026-05-13